Littlewoods manages numerous rentals in the Bedfordview, Edenvale and surrounding areas. Our services include:
- Advertising in the property week Bedfordview / Edenvale News, Property Portfolio & Internet
- Screening of all tenants as well as performing TPN/Trans Union credit checks on applicants
- Handle the monthly rental, which is paid in advance or by no later than the 1st of every month
- We make use of the TPN Lease Pack which is Legislation Compliant Documentation i.e. Consumer Protection Act.
- We subscribe to the services of TPN credit bureau.
There are two options we can present to you:
1. Rental Property Management:
We ask you to sign a sole mandate letting agreement. We only work on sole mandate. We can manage the entire rental of your unit at a procurement fee of 4% calculated by the period of the lease ex VAT this includes advertising for as long as we need to get you’re unit rented out, credit check of all tenants, the drawing up of the lease in accordance with The Estate Agency Affairs Board and the Consumer Protection Act this is signed for a minimum of one year.
There after its 10% ex VAT of the monthly rental this includes liaising with the tenant any problems regarding the unit, phone calls etc. We also pay all levies owed to the Body Corporate on your behalf, including your assessment rates account for an additional amount of R50.00 ex VAT and the remaining monies are deposited directly into your account by no later than the 7th instant of each month. We ask that rent is paid no later than the 01st of every month if not there are penalties charged and breach notices sent to the tenant.
We take a deposit equivalent to one month’s rent for any damages that may occur during the tenants stay, the cleaning of the unit once the tenant has moved and a key and electricity deposit (additional deposits as required / applicable). We also send to you every month an invoice and statement of the rental of your home from Littlewoods and the normal invoice and statement from the Body Corporate.
2. Procurement :
You sign a sole mandate letting agreement. We only work on sole mandate. A percentage of the annual lease which is equivalent to 8% ex VAT (i.e. the first months rental) this includes the advertising of your home, credit check of tenant, drawing up and signing of the lease, collecting and holding of deposits and collecting the first months rent. Thereafter we handover the tenant to you.
We are pleased to confirm that we hold valid Fidelity Fund Certificates within our company for the Principles and our Full Status Agent, furthermore we have also completed further education requirements required by the Estate Agents Board being that of the NQF Levels 4 & 5.
Should you require any further information please do not hesitate in contacting our office 011-622-8302.
You can download our Residential Property Agreement form here.